Permian Resources extends registration rights agreement with PE sponsors; Pearl to distribute ~23M shares

Permian Resources Corp

Amended registration rights agreement extended through June 30, 2029 with affiliates of EnCap, Pearl, Riverstone.
Pearl Energy Investments to distribute ~23M shares of Class A common stock to its equity holders and limited partners.
Combined sponsor ownership reduced from >50% in 2022 to ~16% today; no other PE stockholder elected distribution.
Management team owns ~7% of total shares outstanding; 100% of Co-CEO compensation in long-term equity.
Since formation, sponsors monetized ~200M shares while delivering peer-leading total shareholder return.

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